Decatur has approved incentives to attract a development believed to include a Bass Pro Shop at the Interstate 65/565 interchange.
Now it’s relying on Limestone County and others to help close the deal.
The City Council passed a $40 million incentive package Monday.
Mayor Don Kyle said the city’s third attempt to transform more than 500 acres of Decatur-annexed Limestone County farmland into a mixed-use development can’t go forward without participation from Limestone County, the state, Athens Utilities and Decatur Utilities.
Phase 1 of the development would encompass 125 acres in the southwest corner of the interchange. It would include an unidentified anchor tenant, believed to be a Bass Pro Shop, a hotel with at least 250 rooms and three restaurants, with each restaurant generating at least $73,500 in annual city revenue.
The council approved the deal 4-1, with District 1 Councilman Billy Jackson casting the lone no vote.
Limestone County Commission Chairman Stanley Menefee said it’s been about a week since he talked to Kyle, but he expects to talk with him again today.
“I want to make sure I understand that we’re doing what I think we’re doing,” Menefee said. “I just need to get a few more details. I’m sure we’ll try every way under the sun to make this happen.”
E-mail this
|
Print this
|
Comments